The current situation started with Clinton. The media was very much in the bag with him. The media always has been liberal, but Clinton was the first big name politician who was one of *them*. (They wished Kennedy was one of them, but he wasn’t, and his rule was very short anyway.) Media investigation of any wrongdoing by Clinton amounted to a cursory dismissal.

Obama is very, very much one of them and they can’t even pretend to be neutral. If most of the media can’t evaluate things, in fact just pushes the spin, and in fact aggressively attacks anybody not with the program, we have a real problem.

The problem isn’t the Ivy League authoritarianism in the media though, it’s the Ivy League authoritarianism in the financial business, and the bankruptcy it has induced. A few trillion here and a few trillion there, and pretty soon you’re talking about real money.